XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 1.7107 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 1.89 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.7107 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 1.89 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.9378 |
| 2nd High | 1.9325 |
| Next High | 1.89 |
| Current Price | 1.739800000 |
| Next Low | 1.7107 |
| 2nd Low | 1.2543 |
| 3rd Low |
1.89 – 1.9325 – 1.9378 – 1.7107 – 1.778 – 1.8654 —
1.762100000 – 1.769400000 —
20.84426011113 – 39.019941519999 —
– —
1.89000 – 1769673600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – – –